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Name | Symbol | Market | Type |
---|---|---|---|
Zhejiang Yong. | LSE:YTT | London | Depository Receipt |
Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 10.50 | 0 | 01:00:00 |
TIDMYTT
RNS Number : 7859F
Zhejiang Yongtai Technology Co Ltd
12 July 2023
ZHEJIANG YONGTAI TECHNOLOGY CO., LTD.
(GDR under the symbol: "YYT")
(a joint stock company established under the laws of the People's Republic of China with limited liability)
Announcement on Change in the Registered Capital and Amendments to the Article of Association
The Company and all the members of the Board of Directors confirm that all the information contained in this information disclosure is true, accurate and complete and that there is no false and misleading statement or material omission in this information disclosure.
On 12 July 2023, the seventh meeting of the sixth session of the board of directors of Zhejiang Yongtai Technology Co., Ltd. (hereinafter referred to as the "Company") was held, at which the Resolution in relation to the Change in the Registered Capital and the Amendments to the Article of Association was considered and passed. The details are as follows:
I. Change in Registered Capital
As examined and/or approved by China Securities Regulatory Commission through the Approval of the Issuance and Listing of Global Depositary Receipts of Zhejiang Yongtai Technology Co., Ltd. on the London Stock Exchange (Securities Regulatory Permission [2023] No. 684) and the relevant domestic and overseas regulatory authorities, the 7,438,900 Global Depositary Receipts (hereinafter referred to as the "GDRs") issued by the Company were listed on the London Stock Exchange on 11 July 2023 (London time) (hereinafter referred to as the "Issuance"). The additional underlying securities under the Issuance are 37,194,500 A shares of the Company, the registration of which have been completed.
Accordingly, the registered capital of the Company has been changed from RMB876,566,295 to RMB913,760,795, which will be contributed in the mode of money, with the time of subscription being the date of receipt of the proceeds raised from the Issuance. Upon completion of the Issuance, the total share capital of the Company will be changed from 876,566,295 shares to 913,760,795 shares.
II. Amendments to Article of Association
According to the actual situation of the Issuance, the Company intends to amend the relevant provisions of the Articles of Association (Draft) of Zhejiang Yongtai Technology Co., Ltd., which was considered and approved at the 2022 Annual General Meeting held on 16 May 2023, as follows:
Before Amendments After Amendments No. 1. Article 3 As examined and approved by China Securities Regulatory Article 3 As examined and Commission on 27 November 2009, approved by China Securities the Company made an initial Regulatory Commission on 27 public offering of 33.5 million November 2009, the Company RMB ordinary shares (hereinafter made an initial public offering referred to as "A Shares"), of 33.5 million RMB ordinary which were listed on the Shenzhen shares (hereinafter referred Stock Exchange on 22 December to as "A Shares"), which were 2009. As examined and approved listed on the Shenzhen Stock by China Securities Regulatory Exchange on 22 December 2009. Commission on 28 March 2023, As examined and approved by the Company issued [ ] Global China Securities Regulatory Depository Receipts (hereinafter Commission on 28 March 2023, referred to as the "GDRs"), the Company issued 7,438,900 representing [ ] A Shares of Global Depository Receipts the Company as calculated at (hereinafter referred to as the conversion ratio determined the "GDRs"), representing 37,194,500 by the Company, which were listed A Shares of the Company as on the London Stock Exchange calculated at the conversion on [ ]. ratio determined by the Company, which were listed on the London Stock Exchange on 11 July 2023. ----------------------------------- ---------------------------------------- 2. Article 6 The registered capital Article 6 The registered capital of the Company is RMB [ ]. The of the Company is RMB913,760,795. paid-up capital is RMB [ ]. The paid-up capital is RMB913,760,795. ----------------------------------- ---------------------------------------- 3. Article 20 The total number Article 20 The total number of shares of the Company is of shares of the Company is [ ] million, all of which are 913,760,795, all of which are ordinary shares. ordinary shares. ----------------------------------- ----------------------------------------
The Company will promptly apply to the market regulation administration for the registration of the change in registered capital, as well as the change in the Articles of Association, the filing and registration and other relevant procedures upon the consideration and approval at this meeting of the board of directors. The aforesaid changes shall be subject to the contents approved by the market regulation administration. For details of the amended Articles of Association, please refer to the relevant contents disclosed by the Company on the CNINFO at http://www.cninfo.com.cn on the same date.
Board of Directors
Zhejiang Yongtai Technology Co., Ltd.
12 July 2023
Corporate Information
Zhejiang Yongtai Technology Co., Ltd. is a joint stock company with limited liability established in the People's Republic of China pursuant to the Company Law of the People's Republic of China .
The Company's registered office is located at No. 1 Donghai Fifth Avenue, Linhai Park, Zhejiang Chemical API Base, Zhejiang Province, China.
For further information, please visit the website of the Company at http://www.yongtaitech.com, or contact +86 0576-85588006.
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END
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(END) Dow Jones Newswires
July 12, 2023 04:14 ET (08:14 GMT)
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